March New Home sales 30,000 total= 80,000 140-80= 60 60/140= 42% drop in new home sales

Existing home sales down 10% YOY from 1st qtr 08 to 1st QTR 09

Construction Spending

Residential

Jan 08 400 billion SAAR

Jan 09 290 billion SAAR

400-290= 110. 110/400= %27.5 drop YOY.

Imports/Exports

Exports

Jan 08 150 billion

Jan 09 125 billion Exports down 16.6% YOY

Imports

Jan 08 $205 billion

Jan 09 $160 billion Imports down 21.9% YOY

So we have car sales, home sales new and existing, construction spending, imports and exports all down in the double digit range. And yet GDP only fell 5%??? I know this is regarding 1st qtr but it comes to show what a farce the government numbers are. I know government borrowed alot more in 1st qtr 09 then in tst qtr 08, but not in any way enough to offset the loss in the above data.

bearmarkettrader this is all the "old" style accounting LOL...you need to get your "new" math straight...LOL....this stuff isn't important anymore since it will be just swept under the White House Rug. Haven't you heard the recession is over.....blue skies are on the rise.